(CercleFinance.com) – Barclays reiterates its ‘underweight’ recommendation on Geberit with a price target reduced from 400 to 360 Swiss francs, further reaffirming its relative preference for its peer Saint-Gobain (recommended to ‘overweight’).
In a note on construction products in Europe, the broker makes little change to its forecasts for 2023, but indicates reducing its volume expectations for 2024 across the board.
‘The lack of visibility could fuel doubts about the price/cost ratio; on this point, some confirmation, one way or the other, could take time,’ Barclays further warns.
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